Johnson Controls Inc, met analyst expectations in posting a record net profit in its fiscal fourth quarter, and said earnings would rise 30 percent in the next quarter, the first of its fiscal 2014. JCI, a diversified company that is an automotive supplier and maker of power efficiency products for buildings, reported a company record net income of $657 million versus $526 million a year ago. Its quarterly revenue of $11.05 billion was up from $10.39 billion a year earlier.Both quarterly revenue and diluted earnings per share, excluding one-time items of $95 cents per diluted share, matched expectations of analysts polled by Thomson Reuters I/B/E/S.New Chief Executive Alex Molinaroli on Tuesday announced, along with the company's earnings statement, that JCI expects next quarter's earnings to rise 30 percent, or 35 percent adjusted for the sale of HomeLink, an automotive electronics business sold in late September to Gentex Corp.Analyst Ravi Shanker of Morgan Stanley said the fiscal first-quarter earnings projections appeared to be conservative. JCI's fiscal first quarter runs from October to December.
Gentex Corporation is a supplier of automatic-dimming (auto-dimming) rear-view mirrors and camera-based lighting-assist features to the global automotive industry. Shares of GNTX fell by 0.4% or $-0.1201/share to $29.98. In the past year, the shares have traded as low as $15.25 and as high as $25.40. On average, 935627 shares of GNTX exchange hands on a given day and today's volume is recorded at 58621.
Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI traded higher by 1.56% or $0.6701/share to $43.49. In the past year, the shares have traded as low as $24.75 and as high as $42.79. On average, 3717870 shares of JCI exchange hands on a given day and today's volume is recorded at 995605.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 1.0% or $0.29/share to $29.21. In the past year, the shares have traded as low as $14.81 and as high as $28.40. On average, 14198800 shares of MS exchange hands on a given day and today's volume is recorded at 1531212.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.85% or $0.6601/share to $36.39. In the past year, the shares have traded as low as $26.71 and as high as $36.04. On average, 838466 shares of TRI exchange hands on a given day and today's volume is recorded at 602196.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.82% or $0.68/share to $38.00. In the past year, the shares have traded as low as $26.65 and as high as $37.15. On average, 798941 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 556217.
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